Abstract
This paper shows how the results in the multiattribute utility theory and the measurable value function theory can be utilized for ranking multiattribute alternatives. An application to the ranking of coal power plant sites is discussed. The approach discussed here significantly extends the range of assessment techniques that can be used in a particular analysis, and allows a richer interpretation of the results.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
References
Debreu, G., “Topological Methods in Cardinal Utility Theory,” in Mathematical Methods in the Social Sciences, Arrow, K.J., Karlin, S., and Suppes, P. (eds.), Stanford University Press, Stanford, CA, 1959.
Dyer, J.S., Farrel, W., and Bradley, P., “Utility Functions for the Test Performance,” Management Science, 20, 1973, 507–519.
Dyer, J.S. and R.F. Miles, “An Actual Application of Collective Choice Theory to the Selection of Trajectories for the Mariner Jupiter/Saturn 1977 Project,” Operations Research, 24, 1976, 220–224.
Dyer, J.S. and Sarin, R.K., “An Axiomatization of Cardinal Additive Conjoint Measurement Theory,” Working Paper No. 265, Western Management Science Institute, UCLA, February 1977.
Dyer, J.S. and Sarin, R.K., “Measurable Multiattribute Value Functions,” Operations Research (forthcoming).
Edwards, W., “Use of Multiattribute Utility Measurement for Social Decision Making,” in Conflicting Objectives in Decisions, Bell, D.E., Keeney, R.L., and Raiffa, H. (eds.), John Wiley and Sons, 1977, 247–276.
Fishburn, P.C., “Methods of Estimating Additive Utilities,” Management Science, 13, 1967, 435–453.
Fishburn, P.C., “Cardinal Utility: An Interpretive Essay,” Rivista Internazionale di Scienee Economiche e Commerciali, 13, 1976.
Fishburn, P.C., “Multiattribute Utilities in Expected Utility Theory,” in Conflicting Objectives in Decisions, Bell, D.E., Keeney, R.L., and Raiffa, H. (eds), John Wiley and Sons, 1977, 172–196.
Keeney, R., “Multiplicative Utility Functions,” Operations Research, 22, 1974, 22–34.
Keeney, R. and Raiffa, H., Decisions with Multiple Objectives, John Wiley and Sons, New York 1976.
Keeney, R., “Evaluation of Proposed Pumped Storage Sites,” Working Paper, Woodward-Clyde Consultants, San Francisco, Nov. 1977.
Keeney, R.L. and Nair, K., “Selecting Nuclear Power Plant Sites in the Pacific Northwest Using Decision Analysis,” in Conflicting Objectives in Decisions, Bell, D.E., Keeney, R.L., and Raiffa, H., John Wiley and Sons, 1977, 298–322.
Luce, R.D. and Raiffa, H., Games and Decisions, Wiley, New York, 1957.
Sarin, R.K., “Interactive Procedures for Evaluation of Multiattributed Alternatives,” Working Paper No. 232, Western Management Science Instutite, UCLA, June, 1975.
Sarin, R.K., Dyer, J.S., and Nair, K., “A Comparative Evaluation of Three Approaches for Preference Function Assessment,” Working Paper, Krannert School of Management, Purdue University, 1979.
von Neumann, J. and Morgenstern, O., Theory of Games and Economic Behavior, Princeton University Press, 1947.
Author information
Authors and Affiliations
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 1980 Springer-Verlag Berlin Heidelberg
About this paper
Cite this paper
Sarin, R.K. (1980). Ranking of Multiattribute Alternatives with an Application to Coal Power Plant Siting. In: Fandel, G., Gal, T. (eds) Multiple Criteria Decision Making Theory and Application. Lecture Notes in Economics and Mathematical Systems, vol 177. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-48782-8_29
Download citation
DOI: https://doi.org/10.1007/978-3-642-48782-8_29
Publisher Name: Springer, Berlin, Heidelberg
Print ISBN: 978-3-540-09963-5
Online ISBN: 978-3-642-48782-8
eBook Packages: Springer Book Archive